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Red Envelope also joined Samuel Goldwyn Films and Sony Pictures Worldwide Acquisitions Group this week to acquire U.S. rights to Lakeshore Entertainment's drama "Elegy," starring Penelope Cruz and Ben Kingsley.

Joachim Trier's "Reprise" centers on the longtime friendship between two young, aspiring novelists (Anders Danielsen and Espen Klouman Hoiner) and the twists and turns in their lives. The film won the Discovery Award at the 2006 Toronto International Film Festival.

Red Envelope plans promotional campaigns for the theatrical runs of both films before releasing the films as Netflix rentals. "Reprise" opens May 16; "Elegy" hits theaters in August.

"Reprise" is produced by Spillefilmkompaniet 41/2 and Karin Julsrud in cooperation with the Norwegian Film Institute. Rudin exec produced with Marius Holst, Alain Monne, Hakon Overas, Turid Oversveen, Aagot Skjeldal and Pal Sletaune. "Elegy" was produced by Tom Rosenberg, Gary Lucchesi and Andre Lamal, with Lakeshore's David Dinerstein repping the filmmakers in the deal.